Market News

As Anadarko Petroleum (APC) Market Value Rose, Eagle Capital Management Has Increased Position; Biogen (BIIB) Share Value Declined While First Mercantile Trust Co Has Cut by $478,908 Its Holding

Biogen Inc. (NASDAQ:BIIB) Logo

Boykin Curry increased its stake in Anadarko Petroleum Corp (APC) by 0.37% based on its latest 2017Q4 regulatory filing with the SEC. Eagle Capital Management Llc bought 13,439 shares as the company’s stock rose 14.87% while stock markets declined. The hedge fund run by Boykin Curry held 3.67 million shares of the oil & gas production company at the end of 2017Q4, valued at $196.98M, up from 3.66M at the end of the previous reported quarter. Eagle Capital Management Llc who had been investing in Anadarko Petroleum Corp for a number of months, seems to be bullish on the $36.23B market cap company. The stock decreased 0.27% or $0.19 during the last trading session, reaching $70.33. About 6.67M shares traded or 32.72% up from the average. Anadarko Petroleum Corporation (NYSE:APC) has risen 1.43% since May 24, 2017 and is uptrending. It has underperformed by 10.12% the S&P500.

First Mercantile Trust Co decreased its stake in Biogen Inc (BIIB) by 15.88% based on its latest 2017Q4 regulatory filing with the SEC. First Mercantile Trust Co sold 1,506 shares as the company’s stock declined 17.01% with the market. The institutional investor held 7,977 shares of the biological products (no diagnostic substances) company at the end of 2017Q4, valued at $2.54 million, down from 9,483 at the end of the previous reported quarter. First Mercantile Trust Co who had been investing in Biogen Inc for a number of months, seems to be less bullish one the $59.87B market cap company. The stock increased 1.45% or $4.06 during the last trading session, reaching $283.75. About 1.02M shares traded. Biogen Inc. (NASDAQ:BIIB) has declined 3.66% since May 24, 2017 and is downtrending. It has underperformed by 15.21% the S&P500.

Analysts await Biogen Inc. (NASDAQ:BIIB) to report earnings on July, 24. They expect $5.32 EPS, up 5.56% or $0.28 from last year’s $5.04 per share. BIIB’s profit will be $1.12B for 13.33 P/E if the $5.32 EPS becomes a reality. After $6.05 actual EPS reported by Biogen Inc. for the previous quarter, Wall Street now forecasts -12.07% negative EPS growth.

Since January 9, 2018, it had 1 buy, and 5 selling transactions for $10.09 million activity. PANGIA ROBERT W also sold $1.92 million worth of Biogen Inc. (NASDAQ:BIIB) shares. DENNER ALEXANDER J had bought 48,000 shares worth $12.96 million on Wednesday, April 25.

First Mercantile Trust Co, which manages about $510.76M US Long portfolio, upped its stake in Spdr Gold Shares (GLD) by 3,094 shares to 13,503 shares, valued at $1.67M in 2017Q4, according to the filing. It also increased its holding in Liberty Global Plc C (NASDAQ:LBTYK) by 10,984 shares in the quarter, for a total of 64,678 shares, and has risen its stake in Las Vegas Sands Corp (NYSE:LVS).

More notable recent Biogen Inc. (NASDAQ:BIIB) news were published by: Benzinga.com which released: “Baird: Biogen A Buy On M&A Prospects, Underappreciated Franchises” on April 25, 2018, also Seekingalpha.com with their article: “Biogen Buy Signal: Alzheimer’s Royalties Option” published on May 02, 2018, Seekingalpha.com published: “Biogen: Down Too Far, Too Fast?” on April 25, 2018. More interesting news about Biogen Inc. (NASDAQ:BIIB) were released by: Seekingalpha.com and their article: “Biogen’s Ionis Deal Is Brilliant” published on April 25, 2018 as well as Fool.com‘s news article titled: “Better Buy: Amgen Inc. vs. Biogen Inc.” with publication date: May 15, 2018.

Among 33 analysts covering Biogen Idec Inc. (NASDAQ:BIIB), 24 have Buy rating, 0 Sell and 9 Hold. Therefore 73% are positive. Biogen Idec Inc. had 132 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Biogen Inc. (NASDAQ:BIIB) earned “Hold” rating by Stifel Nicolaus on Tuesday, July 25. Atlantic Securities initiated the stock with “Overweight” rating in Friday, December 18 report. The firm earned “Buy” rating on Tuesday, February 7 by Citigroup. The stock has “Neutral” rating by Citigroup on Tuesday, June 7. The stock of Biogen Inc. (NASDAQ:BIIB) has “Neutral” rating given on Monday, October 23 by Citigroup. The firm earned “Buy” rating on Wednesday, February 7 by Credit Suisse. As per Wednesday, October 18, the company rating was maintained by Bank of America. The stock of Biogen Inc. (NASDAQ:BIIB) earned “Hold” rating by Robert W. Baird on Monday, October 30. Guggenheim maintained Biogen Inc. (NASDAQ:BIIB) on Friday, March 2 with “Buy” rating. The stock of Biogen Inc. (NASDAQ:BIIB) earned “Overweight” rating by PiperJaffray on Monday, November 7.

Investors sentiment increased to 1.17 in Q4 2017. Its up 0.04, from 1.13 in 2017Q3. It is positive, as 46 investors sold BIIB shares while 305 reduced holdings. 105 funds opened positions while 305 raised stakes. 180.65 million shares or 0.28% less from 181.16 million shares in 2017Q3 were reported. Tru Department Mb Retail Bank N A has 34,824 shares for 1.16% of their portfolio. Virtu Fincl Limited Liability Company holds 10,267 shares or 0.17% of its portfolio. Davis R M Inc stated it has 1,126 shares or 0.01% of all its holdings. Northern Trust holds 2.98M shares. Arrowstreet Partnership stated it has 0.04% of its portfolio in Biogen Inc. (NASDAQ:BIIB). Smithfield Tru owns 184 shares. Suntrust Banks has 18,776 shares for 0.03% of their portfolio. 5,220 are owned by Ibm Retirement Fund. Compton Ri accumulated 1,008 shares or 0.14% of the stock. The Missouri-based Century has invested 0.32% in Biogen Inc. (NASDAQ:BIIB). Heritage Wealth Advisors holds 0.29% or 2,129 shares. Lazard Asset Management Ltd stated it has 694,942 shares. Chesley Taft & Assocs Ltd Liability Corp owns 4,382 shares for 0.12% of their portfolio. Sigma Counselors owns 636 shares or 0.03% of their US portfolio. Wetherby Asset Management holds 3,560 shares or 0.16% of its portfolio.

Eagle Capital Management Llc, which manages about $23.89B and $26.94B US Long portfolio, decreased its stake in W R Berkley Corp (NYSE:WRB) by 83,099 shares to 5.94M shares, valued at $425.40M in 2017Q4, according to the filing. It also reduced its holding in Mondelez International Inc (NASDAQ:MDLZ) by 10.06 million shares in the quarter, leaving it with 1.87M shares, and cut its stake in Marriott International (NASDAQ:MAR).

Among 41 analysts covering Anadarko Petroleum Corporation (NYSE:APC), 33 have Buy rating, 2 Sell and 6 Hold. Therefore 80% are positive. Anadarko Petroleum Corporation had 143 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained the stock with “Buy” rating in Monday, August 28 report. The rating was downgraded by Seaport Global on Friday, December 9 to “Neutral”. The firm has “Overweight” rating by Mitsubishi UFJ given on Thursday, July 27. The stock has “Focus Stock” rating by Howard Weil on Friday, November 13. Bank of America maintained the shares of APC in report on Tuesday, July 25 with “Buy” rating. The firm has “Buy” rating by Stifel Nicolaus given on Monday, January 29. The rating was initiated by Credit Suisse with “Buy” on Monday, December 11. On Tuesday, September 13 the stock rating was maintained by Citigroup with “Buy”. The firm earned “Perform” rating on Thursday, October 29 by Oppenheimer. The stock of Anadarko Petroleum Corporation (NYSE:APC) has “Overweight” rating given on Friday, October 6 by Atlantic Securities.

Anadarko Petroleum Corporation (NYSE:APC) Institutional Positions Chart

Leave a Reply

Your email address will not be published. Required fields are marked *